Midwest

Chicago officials will seek up to $1.1 billion of general obligation borrowing authority from the City Council to refinance short term paper into a longer term, fixed-rate debt.

Wayne County, Mich. introduced discussion of how its debt might fare in a bankruptcy as it prepared to come to market with $187 million of notes.

If state lawmakers and Gov. Bruce Rauner can’t resolve their differences over a fiscal 2016 budget, the Illinois Hospitals Association is urging them to adopt a temporary spending plan.

Wisconsin plans three bond sales this month beginning Thursday with a $90 million new-money general obligation issue followed by a $128 million clean water revenue refunding issue next week.

Wayne County, Mich. has reached a settlement with a chunk of its retirees that will save the junk-rated government around $20 million a year.

Most payments by the Illinois state government will halt if Gov. Bruce Rauner and the General Assembly’s Democratic majority can’t break a logjam over a new budget.

Indianapolis will not be building a new $400 million criminal justice center after the city-county council killed the proposal.

Minnesota’s HealthEast Care System will make a rare appearance in the market this week with a debt restructuring aimed at strengthening its balance sheet.

Local governments in Michigan get a break in the state's new $54 billion budget, which holds steady on revenue aid after years of deep cuts.

Illinois Gov. Bruce Rauner has extended fiscal aide Donna Arduin’s contract with the administration locked in an impasse over the fiscal 2016 budget with the legislature’s Democratic majority.